Freehold investment - over 8% return

79 Main Road, Governors Bay

By Negotiation

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Freehold investment - over 8% return | 79 Main Road, Governors Bay | 5511354 |      X Close

Freehold investment - over 8% return

For Sale - Price by Negotiation

A charming and character-filled cafe and restaurant building now for sale with a Cafe business lease in place. Enjoying commanding views over the harbour to Lyttelton the three story building sits on an 809 square metre high profile corner site in Governors Bay and is home to the Harbour House Cafe. Over the past 13 years, the building has been converted to the cafe and restaurant premises with large decking providing uninterrupted views over the harbour. Previously home to She Cafe and Chocolaterie, the building has a long hospitality history in Governors Bay. The Cafe is enjoyed by locals and visitors alike, with many travelling over the hill from Christchurch just to sit and appreciate the ocean views whilst enjoying a meal or a hot chocolate.

• Tenure, freehold title

• Floor area 438 sqm approx.

• Land area 809 sqm more or less

• Building NBS 69% (engineers report available)

• Rental income per annum $72,250 + GST

• Next rent review 01 December 2020

• Lease in place to 2036 (if all rights of renewal are taken up by the leasee)

79 Main Road, Governors Bay

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